Gov. Pence offers ideas on how to fund tax cut

11:08 AM,
Dec. 18, 2013

Gov. Pence

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During a speech today outlining his 2014 economic agenda, Gov. Mike Pence again touted the need to phase out Indiana's tax on business equipment - but said he would leave the details to the General Assembly.

Pence said eliminating the tax would encourage new investment in the state and make Indiana more competitive with surrounding states, which have no business personal property tax, are phasing it out or have lower rates.

The plan also would save millions of dollars annually for some of Indiana's biggest companies, but schools and local governments would lose millions in revenue. ...